Dowling & Yahnke LLC decreased its position in shares of Chevron Co. (NYSE:CVX) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,737 shares of the oil and gas company’s stock after selling 3,115 shares during the quarter. Dowling & Yahnke LLC’s holdings in Chevron were worth $7,922,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Roffman Miller Associates Inc. PA acquired a new position in shares of Chevron in the 4th quarter valued at $27,000. Price Wealth LLC lifted its stake in shares of Chevron by 105.8% in the 4th quarter. Price Wealth LLC now owns 284 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 146 shares during the period. Birch Capital Management LLC acquired a new position in shares of Chevron in the 4th quarter valued at $45,000. Transamerica Financial Advisors Inc. acquired a new position in shares of Chevron in the 2nd quarter valued at $46,000. Finally, Quantum Capital Management acquired a new position in shares of Chevron in the 3rd quarter valued at $51,000. 65.54% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on CVX shares. Berenberg Bank reissued a “hold” rating and issued a $128.00 price target on shares of Chevron in a research note on Thursday, December 12th. Scotiabank raised Chevron from a “sector perform” rating to a “sector outperform” rating and set a $137.00 price objective on the stock in a research note on Thursday, January 23rd. ValuEngine raised Chevron from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America downgraded Chevron from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 7th. Finally, Citigroup downgraded Chevron from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Chevron presently has an average rating of “Buy” and an average price target of $138.87.
Shares of Chevron stock opened at $110.39 on Tuesday. The company has a market capitalization of $211.49 billion, a PE ratio of 15.84, a PEG ratio of 4.46 and a beta of 1.02. Chevron Co. has a 12 month low of $109.98 and a 12 month high of $127.34. The company has a current ratio of 1.12, a quick ratio of 0.93 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $117.70 and its 200 day simple moving average is $118.97.
Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.11). The business had revenue of $36.12 billion for the quarter, compared to analyst estimates of $37.69 billion. Chevron had a return on equity of 8.89% and a net margin of 8.70%. The business’s quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.11 EPS. Analysts predict that Chevron Co. will post 6.29 EPS for the current fiscal year.
In other Chevron news, VP Rhonda J. Morris sold 7,800 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $119.68, for a total transaction of $933,504.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Inchausti sold 15,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $119.89, for a total value of $1,798,350.00. Following the transaction, the insider now owns 15,000 shares of the company’s stock, valued at approximately $1,798,350. The disclosure for this sale can be found here. Insiders have sold a total of 90,300 shares of company stock worth $10,904,079 in the last ninety days. 0.31% of the stock is currently owned by company insiders.
Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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